Investor Presentaiton

FY22 cash earnings. Results Change FY22- FY21 (%) Cash earnings FY22 - FY21 ($m) 8% AIEA growth mostly from liquid assets. Average loans up 4%. NIM down 15bps due to lending competition and higher liquid assets Loss of income from businesses sold, lower markets trading income, partly offset by higher fee income Moved from impairment benefit in FY21 to an impairment charge in FY22, impairment charge/gross loans at 5 bps FY21 ($m) FY22 ($m) Net interest 16,714 16,605 (1) income Non-interest income 4,324 2,396 (45) Expenses (13,283) (10,791) (19) 1,601 766 (925) 6,953 19 (518) 5,352 Core earnings 7,755 8,210 6 Impairment 590 (335) Large benefit/(charge) Tax and non- controlling (2,993) (2,599) (13) interests (NCI) Cash earnings 5,352 5,276 (1) Add back notable 1,601 1,292 (19) items (after tax) Cash earnings 6,953 6,568 (6) ex notable items Reported net profit FY21 5,458 5,694 4 Add back notable items FY21 ex notable items 40 Westpac Group 2022 Full Year Results Presentation & Investor Discussion Pack Costs down 7% due to benefits of simplification, completion of some Fix initiatives, businesses sold and lower amortisation, average FTE down 5% Down 6% ex notable items Down 1% 273 6,568 (1,292) Net interest Non-interest Expenses Impairment Tax & NCI income income charges 5,276 FY22 ex notable Notable items FY22 items Westpac GROUP

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